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ETH GIANT DOUBLE BOTTOM

已更新

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We are currently forming a huge Double bottom, if we break above our neckline, above our major 2.4k resistance level, we will see ETH at our targets:
2500
2630
2900

However, if we reject this level, we can see ETH retrace back to 2.2k.

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What do you think?

Good luck traders,

Not financial advice
Manage risk and leverage
DYOR

NajjarTrading

交易结束：到达目标

Rejected and went to our 2.2k target as expected

注释

Trade is on

交易结束：到达目标

Targets one and two are hit

交易结束：到达目标

ETH/USDT Daily Time Frame:
Giant Double Bottom Update

🔴The Red Area is our Weekly Support and Resistance
🔵The Blue Area is our Daily Support and Resistance

As we rejected our weekly support (1.7k-1.8k), we broke to the upside and formed the double bottom as expected. Then we broke above the neckline and hit our targets. Now we are reaching our 2.9k daily resistance again.

If we see a rejection, we will easily go back to our 2.5k-2.6k Daily support.

On the other hand, if we break above 2.9k we could see a continuation till 3.1k-3.2k as there are no resting orders left there we have a clear traffic.

Watch BTC on the side, as always, we'll update you.